WUH-OH: There's A Head-And-Shoulders Pattern Forming In The Market

For those of you who are concerned with chart patterns, there is a "head and shoulders" pattern forming in the Nasdaq.

In a nutshell, this formation is observed when a price peaks, then falls, then peaks at an even higher level, then tumbles, and then peaks again but doesn't rise as high as the second peak. From there, look out below.